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20100901
20100930
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is going to break it down for us. what do these plans do with all that money? >> first off, the $50 billion infrastructure program would rebuild or build 150,000 miles of road, 4000 miles of railroad track, 115 miles of airport runways. essentially, that would be paid for with taxes on the oil and gas industries. it's a six-year program, no new jobs created immediately, and much of the criticism is that it is essentially a payoff to the unions. there is a second plan to be unveiled tomorrow, the "wall street journal" saying that this is a $200 billion plan, $200 billion worth of tax breaks for businesses. it would speed up the writeoff, for example, bill, you spend $10,000 on a computer right now, and immediately, that $10,000 comes off your business income, taxable business income. overall, no new jobs created immediately, some say that this is the president scrambling because his polls on the economy are looking very, very bad, and both of those plans would require a vote in congress, which is not likely. bill: wow, so here we are, post labor day. i can't think of a bigger issue in the co
, everybody, i'm bill hemmer, welcome to america us newsroom. martha: short weekend for us good to see you here, good morning, i'm martha mcoccasionum. one of the highest researchinging republicans in the house says if it is the only option, he will go along with the president. we're talking, of course, about house minority lead john boehner, he got a lot of attention over the weekend with this one, he says he will go for allowing the bush tax cuts to end just for the middle class if that's all he can get, even though he he and her republicans think it would be bad to raise the taxes on anybody. listen to this: >> if the only option i have is to vote for some of those tax reductions, i'll vote for them. but i've been making the point now for months that we need to extend all the current rates for all americans, if we want to get our economy going again and we want to get jobs in america. >> so you are saying you would vote for the middle class tax cuts if that's all you can get done? >> if that's what we can get done, but i think that's bad policy. i don't think that's going to help our ec
van, rescuers required to use the jaws of life. the driver of that mini van, reportedly taken to a hospital for treatment. there's one report out of boston that says brady went to gillette stayed tpoupl morning workouts. more from boston. there's the intersection now. more from boston as we get it. breaking news on "america's newsroom". >>> you want headline? here's the headline for you, america. is the u.s. losing its competitive edge? now ranking fourth among 139 countries. the world economic forum citing a trillion dollars decifit, public distrust of government, and rising debt as the reasons for that slide. $13 trillion, that's a lot of numbers. good morning, everybody, i'm bill hemmer. welcome to "america's newsroom". martha: good morning, thank you for starting our morning that way! you don't even get a medal -- a medal in fourth place! you know who has replaced us? switzerland. i kid you not. bill: not even a bronze. we've got brand new jobless numbers in, the labor department reporting $451,000 people filed for first-time unemployment claims in the past week. stu varne
maccallum, good to have you with us this morning. midterm elections are two months away and the president is expected to say that the bush tax cuts will be extended for some but not for all americans. bill: also martha is former budget director who was in the job a few months ago who said this is not a good idea, ready for a stalemate are new what's new. stuart varney, fox business network, host of varney & company. first the news, what do we expect to hear on the economy? >> today the president goes to cleveland, he is going to be pushing for a $200 billion tax credit plan, part of the overall stimulus program, he's going to get personal, he's going to talk about his own financial struggles, to use that as a way to leverage off on the economy front. that's what's going to happen today, bill. you mentioned stalemate there, and that's exactly what we've got. in a nutshell, if you look at overall policy, you do have stalemate. here's what you've got: you've got the president, he wants to spend, republicans and some democrats do not. the president wants to tax, republicans and some democrats
Search Results 0 to 3 of about 4